Creganna has acquired Avalon Medical Services Pte Ltd., trading as Tactx Medical Inc. Known now as Creganna - Tactx Medical, the company is positioned as a world leader in the provision of technologies and services for minimally invasive delivery and access devices.
“This move represents a key step in Creganna’s vision to build a leading global medical technology company,” says Helen Ryan, CEO Creganna. “Tactx Medical, with its strong market reputation, is a true fit for Creganna. Our customers, medical device companies, are increasingly looking to strategic partners to fulfill more of their supply chain requirements. With our global locations, combined technologies and range of services Creganna - Tactx Medical is strategically positioned to meet these evolving needs. This move firmly positions Creganna - Tactx Medical within the top ten global providers of technologies and services to minimally invasive medical device companies.”
Creganna - Tactx Medical, with locations in California, Minnesota, Massachusetts, Singapore and Ireland will have a presence in many of the key medical device clusters globally enabling stronger partnerships with customers. Combined, the two companies will offer a complete range of technologies and services for minimally invasive delivery and access devices, with a specialist competency in the design and manufacturing of high-end therapeutic catheters.
The market for minimally invasive medical devices continues to grow. In parallel, the market for outsourced products and services is also evolving and forecast to grow. As such, Creganna - Tactx Medical is positioned to benefit from these trends since Creganna - Tactx Medical's customers provide minimally invasive medical devices for clinical applications including interventional cardiology, neurology, peripheral vascular, cardiac rhythm management and endoscopy.